Significant Sales Decline Q3 2009By: John Honovich, Published on Mar 13, 2010
Taiwanese video surveillance manufacturer, Geovision, reports a significant sales decline in the year ending Q3 2009, compared to the year ending Q3 2008. According to their disclosed income statement, sales dropped 23% from 1.1 Billion NTD to .83 Billion NTD (at current exchange rates, this is approximately a drop of $35 Million USD to $26 Million USD.
For the first 2 months of 2010, the Taiwan stock exchange reports that Geovision's revenue is down 12.8% compared to the same period in 2009.
While Geovision, like most manufacturers has a growing IP portfolio, its main revenue generating product lines remain DVR, DVR cards, etc. We did not find a breakdown in sales between analog and IP products in Geovision's publicly disclosed statements.